L G & W Federal Credit Union
1616 Whitten Rd
Memphis, TN 38134
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2023 Overview
General Credit Union Information
L G & W is an NCUA insured institution located in Memphis, TN. It was founded in 1940 and has approximately $109.15 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 3796 |
| Date Established | 1940 |
| Assets | $109.15 million |
| Loans | $32.34 million |
| Deposits | $90.01 million |
| Capital | $22.04 million |
Field of Membership Restrictions
Deposit Rates - November 29, 2023
Your Current Location: Virginia, VA 20146
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.05% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.55% | $1 | $499 | Learn More |
Loan Rates - November 29, 2023
Your Current Location: Virginia, VA 20146
There are currently no loan rates available for L G & W
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Virginia 30 Year Fixed Mortgage Rates 2023
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: Not a Lender |
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NMLS ID: 491986 |
Learn More |
Featured - Virginia Home Equity Line Of Credit Rates 2023
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|
Note to L G & W
To upload and update your bank's rates please register.
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Branches
Below are L G & W branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Ashburn,Virginia
Climate Initiatives
L G & W is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
Financial Details
L G & W Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of L G & W. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| L G & W | U.S. Average |
|---|---|
| 0.37% | 4.93 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2023, L G & W had $37,460 in non-current loans and $44,775 in owned assets. To cover these potential losses it had $22,043,157 in net worth and $283,615 in loans loss reserves. That gives it a Texas Ratio of 0.37%.
Net Worth
| L G & W | U.S. Average |
|---|---|
| 20.2% | 13.17% |
L G & W FCU has a net worth of 20.2% versus the BestCashCow average of 13.17. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
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